Due Date Extension. If any payment of principal or interest with respect to any of the Loans or Notes falls due on a Saturday, Sunday, or other day which is not a Business Day, then such due date shall be extended to the next following Business Day (except as provided in the last sentence of the definition of Interest Period), and additional interest shall accrue and be payable for the period of such extension.
Appears in 4 contracts
Samples: Multi Year Revolving Credit Agreement (Trans World Airlines Inc /New/), Revolving Credit Agreement (TRW Inc), Multi Year Revolving Credit Agreement (TRW Inc)
Due Date Extension. If any payment of principal or interest with respect to any of the Revolving Loans or the Notes falls due on a Saturday, Sunday, Sunday or other day which is not a Business Day, then such due date shall be extended to the next following Business Day (except as provided in the last sentence of the definition of Interest Period)Day, and additional interest shall accrue and be payable for the period of such extension.
Appears in 2 contracts
Samples: Credit Agreement (Allied Products Corp /De/), Credit Agreement (Allied Products Corp /De/)
Due Date Extension. If any payment of principal of or interest with respect to on the Note or any of the Loans or Notes fees payable hereunder falls due on a Saturday, Sunday, or other day which is not a Business Day, then such due date shall be extended to the next following Business Day Day, and (except as provided in the last sentence case of the definition of Interest Period), and principal) additional interest shall accrue and be payable for the period of such extension.
Appears in 1 contract
Samples: Credit Agreement (Choicetel Communications Inc /Mn/)
